~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Thursday May 5, 2011A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- Oklahoma Crop Report Consensus Predicts 2011 Wheat Crop of 67.65 Million Bushels
-- Western Kansas Wheat Crop- Better Than Expected- As Long as Rains Show Up Soon
-- Courtney Maye of Haworth to Lead Oklahoma FFA Officer Team in Coming Year
-- Riley Pagett Returns to Oklahoma State Convention as National FFA President
-- China Remains an Elusive Yet Enticing Market to Pursue for the US Beef Cattle Industry
-- US Meat Export Federation Adds A Million Bucks to Promote US Beef in South Korea
-- Is the Obama Administration About Ready to Send Korean FTA to the Hill?
-- Let's Check the Markets!
Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. We are proud to have KIS Futures as a regular sponsor of our daily email update. KIS Futures provides Oklahoma Farmers & Ranchers with futures & options hedging services in the livestock and grain markets- Click here for the free market quote page they provide us for our website or call them at 1-800-256-2555- and their IPHONE App, which provides all electronic futures quotes is available at the App Store- click here for the KIS Futures App for your Iphone.
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Oklahoma Crop Report Consensus Predicts 2011 Wheat Crop of 67.65 Million Bushels
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We tweeted "live" from the morning session of the Oklahoma Grain and Feed Association meeting that featured an assessment of the 2011 Oklahoma Wheat Crop. After all reports were in, grain elevator managers, extension specialists, farmers and others were invited to weigh in on a consensus number for the 2011 hard red winter wheat crop in the state, hit hard this year by very droughty conditions stretching back to last fall.
The consensus estimate for the 2011 Oklahoma crop is 67,650,000 bushels, which is based on 20.5 bushels per acre on 3 million acres to be harvested. After the report session was complete, we talked with OSU Grain Marketing economist Dr. Kim Anderson who indicated last week that he was expecting a seventy million bushel crop this year, with a possible value to the state's farm economy of just over a half billion dollars, based on a cash wheat price at harvest of approximately $7.80 per bushel. You can hear our conversation with Dr. Anderson by clicking on the LINK below
The sixty seven million bushel wheat crop is a major reduction from the 126 million bushel crop of a year ago in Oklahoma, although wheat prices that could be double that of wheat harvest of 2010 could ease the pain as long as you have at least some wheat to sell.
We have the "tweets" that we offered from the Report Session- which includes the breakdown of each region that was reported on across the state- the number of acres that may be harvested, the yield per acre and the total production for that region. Those tweets can be seen by going to that link below.
Western Kansas Wheat Crop- Better Than Expected- As Long as Rains Show Up Soon
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Day two of the Kansas Wheat Crop Tour included 264 stops by the scouts from Colby down to Liberal and then eastward to Wichita. Mike Schulte of the Oklahoma Wheat Commission was one of the scouts on the tour- and reports that the wheat between Scott City, Kansas and Liberal, Kansas was in better shape than he expected, but is still just hanging on, needing at least one more significant rain in order to have a chance to hit the yields predicted on the tour this week.
The average yield per acre for day two that was estimated by the scouts was 33.4 bushels per acre. That's down from the Day Two estimates of a year ago by three bushels per acre.
Part of the route that Schulte toured on Wednesday was from Liberal down into the northern tier of Oklahoma counties- going from Buffalo across into Woods County and then Alfalfa County. They saw one field just east of Burlington, Oklahoma of OK Bullet that they estimated would yield 63 bushels per acre- and everyone in that car agreed that was the best wheat they saw all day.
Courtney Maye of Haworth to Lead Oklahoma FFA Officer Team in Coming Year
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Courtney Maye, member of the Haworth FFA Chapter, will lead the more than 23,000 members of the Oklahoma FFA Association for 2011-12.
Members elected the 19-year-old during the 85th annual Oklahoma FFA Convention on May 4. She is the daughter of Terry and Michelle Maye. Maye has served over the past twelve months as the southeast District Vice President on the 2010-2011 State Officer team.
Seven additional FFA members will join Maye on the 2011-2012 Oklahoma FFA officer team: Brandon Baumgarten, Oilton FFA, secretary; Kaleigh Lynch, Owasso FFA, reporter; Hannah Nemecek, Skiatook FFA, northeast district vice president; Joshua Conaway, Ringwood FFA, northwest district vice president; Andrew Aldridge, Comanche FFA, central district vice president; Kristal Williams, Latta FFA, southeast district vice president; and Justin Turner, Cement FFA, southwest district vice president.
Click on the LINK below for more on the Oklahoma FFA Officer Team- including a picture of the team after their names were announced last night.
Riley Pagett Returns to Oklahoma State Convention as National FFA President
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The magic ride as the President of the National FFA organization has reached the half way mark for Oklahoma FFA member Riley Pagett. Pagett, a member of the Woodward FFA Chapter, was selected as the 8th National President who has come out of the state as the leader of the national officer team for a year. Pagett says it has been almost non stop- but that he has landed in his home state for just over a week, which is a very long break from the constant travel that makes up the life of a National Officer for the organization.
Each year, the National FFA Organization elects a six-member student officer team. These members travel more than 300 days out of the year putting on leadership workshops, doing business & industry visits and meeting FFA members across the country.
We talked with Pagett about the ride thus far, about the job of being a
national spokesperson for this huge national youth organization. Riley
says that his national team have joined with one heart in working on a
mission statement during their 12 months together as national officers.
That mission statement is "To promote a diverse perspective among members,
teachers, students and careers associated with the national FFA
China Remains an Elusive Yet Enticing Market to Pursue for the US Beef Cattle Industry
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~American agriculture remains engrossed with the prospect of marketing more of our commodities in China. That includes the beef sector, which right now is prohibited from selling U.S. beef to that country. Once the ban that dates back to 2003 is lifted, however, the opportunities could be huge.
Kansas State University Agricultural Economist Ted Schroeder recently oversaw a study of Chinese beef consumption trends, and how the U.S. beef industry might one day satisfy that market. He believes that in order to be ready for that market opportunity, the U.S. beef industry needs to be attuned to Chinese beef preferences, and that was the intent of this study.
Click on the LINK below to jump to this Beef Buzz report and the chance to hear comments with Ted Schroeder about this study- we also have a link to the complete study within our webstory as well.
US Meat Export Federation Adds A Million Bucks to Promote US Beef in South Korea
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The U.S. Meat Export Federation has announced an enhanced initiative to address the impact of non-science-based import regulations on U.S. beef exports to South Korea and help regain what was once the No. 3 export market for the U.S. beef industry.
USMEF will utilize $1 million in competitive cost-share grant funds awarded to it last week through the U.S. Department of Agriculture (USDA)'s Market Access Program (MAP) to augment its current efforts to increase sales of beef and beef products in Korea. USMEF will also seek an additional $10 million in MAP funding this year to implement a five-year strategy to further expand U.S. beef exports to Korea.
"The U.S. meat industry has faced unprecedented and unscientific technical barriers to trade that, in the name of food safety, have unnecessarily restricted U.S. exports," said Philip Seng, USMEF president and CEO. "These new resources will enable us to expand and intensify our efforts with a goal of the complete restoration of the beef market in Korea."
Is the Obama Administration About Ready to Send Korean FTA to the Hill?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The Administration has indicated its readiness to begin technical discussions as early as Thursday morning with key congressional staff on the draft implementing bills and draft Statements of Administrative Action for the pending trade agreements with South Korea, Colombia, and Panama. This follows the transmission of a letter from U.S. Trade Representative Ron Kirk to the Chairmen and Ranking Members of the Senate Finance and House Ways and Means Committees indicating that Colombia has taken the necessary steps to move to the next stage in the process.
Bill Donald, National Cattlemen's Beef Association president, says the KORUS FTA could be the most impactful trade agreement the United States has entered into in decades. Donald said they fully support all members of Congress who understand the importance of free trade to the overall success of rural America and the entire U.S. economy.
The nation's largest general farm group is also pleased with the
apparent movement by the Obama Administration regarding the Korean
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Let's Check the Markets!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We've had requests to include Canola prices for your convenience here- and we will be doing so on a regular basis. Current cash price for Canola is $10.98 per bushel, while the 2011 New Crop contracts for Canola are now available are $11.13 per bushel- delivered to local participating elevators that are working with PCOM.
Here are some links we will leave in place on an ongoing basis- Click
on the name of the report to go to that link:
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